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Ukraine, Slovakia and Poland among the hot topics at Prague Gaming Summit 2020

Zoltan Tundik

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There is no doubt that some Eastern and Central European jurisdictions are popular among gambling industry shareholders due to their population size and in some cases even the passion of the players in those particular countries.

At Prague Gaming Summit, you have the possibility to catch up on some very informative content about the recent changes in the regulation, taxis and compliance updates coming from Czechia, Slovakia, Poland, and Ukraine.

There is no doubt that the recent taxing changes from Czechia have been in the focus of many operators, but the future doesn’t look so bleak when they consider the growth and recognition of the industry.

However, the most talked-about jurisdictions lately have been the Ukrainian, Slovakian and Polish gambling industry.

Major updates from Ukraine by important operators

Just recently the Ukrainian Parliament has adopted Bill 2285-D in its first reading and paved way for the legislative regulation of gambling in Ukraine.

The bill will now face a second reading, before which further details – such as the tax rate on gambling – may be worked out for inclusion in the final bill.

Once legalized, the market will create thousands of jobs, contribute to both state and local budgets, lead to an increase in tourism, and will help to counter corruption in professional sports.

If passed at the second reading, it will be presented to President Volodymyr Zelensky and if signed will become law.

When it comes to first-hand information about the Ukrainian gambling industry, you have the opportunity to hear more about the licensing scheme, taxes at the Prague Gaming Summit from leading industry operator representatives such as Ievgeniia Derbal (Head of Legal at Parimatch) and Maksym Liashko (Partner at Parimatch).

Make sure to book your ticket now in order to avoid disappointment. The seats are limited and are selling out fast!

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Focus on Slovakia with local knowledge

Diving deeper into the region, Prague Gaming Summit will also highlight the possibilities of expansion into Slovakia and Poland.

The online gambling industry in Slovakia has been the debate for many operators in the region which are all interested in taking their share piece from the small jurisdiction. Nevertheless, Slovakia has some of the most passionate players when it comes to sports betting and casino.

The updates from the Slovakian gambling industry will be presented by Dr. Robert Skalina (Senior Advisor at WH Partners), who is a specialist when it comes to the Slovakian regulation, advising the entry of many of the major European operators.

Reports and opportunities in Poland with leading European Operators and Industry Experts

When discussing Eastern and Central European jurisdictions, we can’t avoid talking about the possibilities and updates of one of the largest jurisdictions in the region. The gambling industry in Poland is considered one of the most competitive and flourishing jurisdictions in the region and has recorded significant growth in the past year. The regulated bookmakers in Poland have generated a combined turnover of €1.58bn in 2019, a 28.8% year-on-year increase but less than the unlicensed market, according to figures from legal association Graj Legalnie.

At the end of last year, the Minister of Finance, Investment, and Development has signed an ordinance amending the ordinance on lottery devices, gaming devices, and slot machines, securing information regarding the organized lottery and obtaining, calculating and paying out winnings.

Pursuant to the provisions of the Gambling Act, only the minister competent for public finances decides whether playing on a given device is a game on slot machines within the meaning of the Gambling Act.

The opinion of the testing entity is only an attachment to the application for issuing the decision. This opinion must contain information that it serves only to issue a decision by the minister competent for public finance.

At Prague Gaming Summit, you have the unique opportunity to hear more about the Polish gambling industry form the legal side and also from the operator’s side.

Kamil Popiolek (Legal Counsel at Superbet) and Piotr Dynowski (Partner/Attorney at Law/Head of IP/Media/Tech&Comms Practice at Bird & Bird Poland) will both share some of the most vital information and investment possibilities the market has to offer.

As mentioned in earlier press releases, the conference will once again bring together a large community of gambling industry experts which vary in the form of operators, software providers, platform, compliance experts, government officials and more.

For constant updates, you can view the Program / Agenda here: https://praguegamingsummit.com/program-agenda-2020/

Besides the quality content, Prague Gaming Summit includes several networking opportunities during the specially designed networking sessions.

REGISTER NOW TO RESERVE YOUR SEAT!

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Central Europe

New Products Help Mitigate Fall of Gambling Revenue in Poland

Niji Narayan

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New Products Help Mitigate Fall of Gambling Revenue in Poland
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The new figures published by Poland’s finance ministry have revealed that while the gambling revenue decline for the year to date, newly regulated products helped mitigate the falls in online betting and land-based gaming.

The gross gaming yield projections provided by H2 Gambling Capital revealed that the total for the year to June 11 is expected to fall 9.5% from 2019’s figures. This is significantly lower than the 19.6% decline projected across all EU markets.

Poland’s lower projected decline was due to the development of newly regulated verticals such as online casinos and land-based arcades. Online casino revenue grew 96.7% for the year to June 11, aided by growth from Totalizator Sportowy’s Total Casino site.

Total Casino is Poland’s only legal online casino site which was launched in December 2018. The casino saw new player sign-ups grow significantly this year, according to the Ministry. This in turn took revenue from offshore sites, which saw casino revenue fall 25.0% for the period.

Total online revenue was up 0.3%, with a 14.2% decline in sports betting – during a period in which sporting events were suspended during the Covid-19 crisis – offset by growth in online casino and online lotteries (up 26.2%).

For the land-based sector, revenue across all verticals was down 13.1%, largely down to a 27.3% drop in casino yield and a 25.4% decline for betting. Number games such as lotteries saw gross gaming yield fall 8.6%. However, gaming arcades saw their contribution rise 41.4% over the period.

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Central Europe

TV games by TVBET now available at legal Polish operator forBET

George Miller

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TV games by TVBET now available at legal Polish operator forBET
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The leading content provider in the niche of live TV games TVBET has made it possible for players from Poland to wager on versatile products in a convenient way for them. Thus, the chosen 3 card games are now available at the forBET’s offering.

In this way, forBET, a legal sportsbook operating in Poland meets the expectations of local players that are characterized by a strong interest in card games online. The operator offers its clients very attractive odds values, thus obtaining market recognition. Its advantage is also a wide range of events and sport disciplines, which many traditional bookmakers can envy.

It should be noted that games by TVBET are added to the forBET website since June 17 and the players can now enjoy it. The latter includes 3 games as PokerBet, 21Bet, and War of Elements in its brand-new ‘Card Games’ section:

  • PokerBet a popular online game for betting punters with well-known rules of Texas Hold’em Poker. The game takes place in live mode without interruption around the clock;
  • 21Bet (or Black Jack) is one of the most popular card games around the world. The presenter (dealer) leads the game, commenting on the points scored by the imagined players and chances of winning or losing;
  • War of Elements a simple and fast card game between player and dealer. The presenter (dealer) welcomes players with each new draw.

Traditionally, all the content is streamed throughout the world from one point – TVBET’s modern studio. Notably, the prevailing part of employees there, like TV presenters or technical crew, are the Poles, since the studio is based in Warsaw, Poland. And that’s why forBet’s customers will definitely feel even more loyal to the product.

“As one of the largest bookmaking companies on the Polish market, we focus on innovation and user-friendly solutions since the beginning of our activity. We are very pleased to establish cooperation with TVBET, which allows us to offer players unique entertainment on the Polish market. We are convinced that the possibility of betting on the outcome of card games like poker, war or blackjack will be of great interest to our customers”, – said Pawel Majewski, Head of Marketing at forBET.

“In the near future, we plan several promotional campaigns related to the launch of bookmakers’ betting on the results of card games. We are convinced that they will appeal to our players who will find even more, even better entertainment on forBET”.

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Central Europe

Sazka Group Completes its Acquisition of Novomatic’s Casinos Austria stake

Niji Narayan

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Sazka Group Completes its Acquisition of Novomatic’s Casinos Austria stake
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Sazka Group has completed its acquisition of a 17.19% stake in Casinos Austria previously held by Novomatic Group. This sees Sazka increase its stake in the business to 55.48%.

“Together with our fellow shareholders, we are looking forward to increasing the value of Casinos Austria – a treasured national brand – for the benefit of customers, employees, and most importantly of all, Austrian society,” Robert Chvatal, chief executive of Sazka, said.

When the deal was announced, Sazka and Novomatic admitted that the joint control had not led to significant growth for the business and that it would be better served by a single leading shareholder. As Novomatic had a smaller stake, it agreed to sell this to Sazka.

This was followed by an agreement between Sazka and Österreichische Beteiligungs AG (ÖBAG), the body responsible for managing the Austrian state’s investment activities, to jointly manage Casinos Austria in March this year.

ÖBAG, which holds a 33.20% stake in the operator, had come under pressure from the Social Democratic Party of Austria (SPÖ) to exercise its right of first refusal over Novomatic’s stake, rather than allow it to be acquired by a foreign business. Instead, ÖBAG waived these rights.

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